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B>NEW YORK:/BWhen the new chief executive of Kmart takes the company's jet for personal trips, he will have to pay for it. His base salary is lower than that of the company's former CEOs, and he got no signing bonus.
LOCAL companies should try to emulate their counterparts in Western countries in creating the right work culture and having the appropriate systems in place for them to succeed, BHLB Pacific Trust Management Bhd chief executive officer Paul Low Hong Ceong said.
IJM Plantations Bhd (IJMP) plans to invest up to RM80mil over the next three years in developing land reserved for oil palm and expanding plant capacity.
CELCOM (Malaysia) Bhd is targeting 60,000 subscribers within two to three years for its I>TMTouch ACeS /I>satellite service that will put almost any location in Asia, however remote, within reach of a phone call or e-mail.